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Global Refrigerated Trailer Gaskets Market: Growing Emphasis on Boosting Operational Efficiency Driving Adoption

Press release Description

Albany, New York, May 7, 2018: A new research study titled, “Global Market Study on Refrigerated Trailer Gaskets: Latin America and Middle East & Africa Regional Markets Anticipated to Witness Moderate Growth in the Coming Years” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the research study, the global refrigerated trailer gaskets market is likely to grow at 3.9% CAGR during the assessment period 2017-2025.

Steady growth in the global food trade is a key factor that has led to sustained demand for refrigerated trailer gaskets globally. These trailers are used in transporting food materials over long distances. They offer added advantages as the materials used in manufacturing these gaskets offer cooling over long distances.

The global refrigerated trailer gaskets market continues to be influenced by the broader trends, including automation and energy efficiency. The food processing industry has always remained at the forefront of adoption of automation and it is highly likely that the growing spate of automation will also be incorporated by the industry in the near future. The other key technology trends impacting the market include adoption of smart sensors to enable real-time monitoring and analysis. Focus on energy efficiency and reducing downtime are the other key aspects that are becoming a focus area for manufacturers.

In a bid to offer detailed analysis and insights, the research study offers comprehensive forecast and projections. The market has been analyzed on the basis of material types, design, configuration, application, and region. According to the research study, EPDM is likely to remain one of the leading segments on the basis of material types. By design, standard design continues to witness higher adoption than custom design. The standard design is likely to reach a valuation of nearly US$ 20 Mn by the end of the forecast period.

By configuration, straight system is likely to witness higher demand and is likely to grow at a CAGR of 5.4% during the assessment period. Application area of these gaskets is heavily concentrated in doors and vents. The doors segment is likely to witness a CAGR of over 5% during the assessment period, whereas vents are likely to grow at nearly 4% CAGR.

The research study also offers a detailed competitive analysis that tracks the key developments of the leading players in the market. According to the research study, leading players in the market are focusing on launching innovative products to consolidate their position in the market.

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